Venmo is a popular peer-to-peer payment platform. It allows you to send and receive money, make payments, and split bills with friends and family. Along with several beneficial features, transferring funds is one of the most essential ones. Moreover, Venmo offers instant money transfer: the fund transfer to your car is usually done within 30 minutes only.
In this way, a question arises: what prepaid cards work with Venmo instant transfer? Here, we answer this question while covering some other relevant aspects.
Is It Possible to Use a Prepaid Card for Venmo Instant Transfer?
Venmo is a diversified payment app. Its versatility allows you to use a prepaid card for Venmo to transfer funds. In this case, the primary requirement is that the prepaid card must consist of your name, which is the same as your Venmo account profile name.Â
Also, the prepaid card must have Visa, Mastercard, American Express, and Discover logos. Additionally, we suggest that the prepaid card is linked with your Zip code. Otherwise, for some prepaid cards, the money transfer can be failed.
What Prepaid Cards Work with Venmo Instant Transfer?
The following prepaid cards work with Venmo for instant money transfers. We must inform you that there is a transfer fee of 1.75%.
1. PayPal Prepaid Card
You can easily add your PayPal prepaid card easily to your Venmo account. After adding the card to your Venmo account, you can transfer the respective amount of money. Furthermore, the card issuer, Mastercard, offers excellent cashback benefits in this case.
2. Visa Prepaid Card
Visa is a well-reputed and valid brand. The prepaid cards consisting of logos of Visa, like the Visa Vanilla Prepaid Card, can be added to Venmo. Here, you can transfer the funds instantly.
3. Prepaid MasterCard
Several types of prepaid Mastercards can be added to Venom. Some must mentions are Brinks, Net Spend, Chase, etc. prepaid cards. You can use these cards for a Venmo instant fund transfer.
List of Prepaid Cards that Work With Venmo Instant Transfer
The following is the list.
- Visa Vanilla Gift card
- PayPal Prepaid Card from Mastercard
- Brinks Prepaid Card
- Net Speed Prepaid Card and many more.
How to Connect Prepaid Card With Venmo?
The following is a stepwise guide to connecting prepaid cards with Venmo.
- Launch the Venmo app on your device. Log in to your account.
- In the top left corner of the screen, you will see the menu button. It is a three-horizontal line.
- Tap on the menu button, and a drop-down menu will come out. Select “Settings” from those options.
- After getting inside of the “Settings” menu, scroll down. You will find an option named “Payment Methods.” It’s usually the second item on the option list. It falls under the “Preferences” section.
- Now, tap on “Payment Methods.” You will see your existing linked payment methods. Here, you must ensure that your Venmo account is verified.
- By scrolling, go to the bottom of the “Payment Methods” menu. You will see an option named “Add bank or cad.” Press on this option.
- The system will take you to a new screen to allow you to choose a card.
- Insert all the required details like your prepaid card number, your name, expiration date, CVV, etc. Be careful while inserting the card details.
- Enter your own zip code upon the system’s request. It is better if the card is already registered at a designated address.
- Finally, click the “Add” button. You have successfully linked the prepaid card to your Venmo account.
Is It Safe to Use Prepaid Card With Venmo?
To answer this question, the very first thing we would like to inform you is that Venmo is part of PayPal. Venmo’s operation, transactions, etc., are governed by PayPal. PayPal is a widely accepted money transaction method and is trusted by millions of people worldwide.Â
They have been in the business for a very long time, and till now, no issue has been found regarding security. Following this, it can easily be said that Venmo is a safe online payment service. They use PayPal’s security tech to keep your prepaid card safe.
Additionally, to add an extra layer of security, Venmo has personalized QR codes. These QR codes make it easy to send money to the right person. Just share your QR code with friends through email or text. To use it, point your phone’s camera at your friend’s Venmo Me code, and it’ll take you to their profile automatically.
Alternatives Way to Use With Venmo
Below is a list of alternatives to Venmo for making instant fund transfers.
- PayPal
- Zelle
- Payoneer
- Stripe
- XE money transfer, and so on.
Final Words
We hope that now you have a clear understanding of what prepaid cards work with Venmo instant transfer. The most prominent compatible cards are Visa Vanilla Card, PayPal’s Master card, Brinks Prepaid cards, etc. Finally, we suggest you before selecting any particular one check the terms and conditions carefully to save some money in origination fees, transfer fees, etc.
Frequently Asked Question
The straightforward is no. At present, Venmo only accepts debit cards from any US bank. Venmo has a very certain target market, and its target customers are only US citizens.
Venmo is a PayPal-owned organization. It accepts any form of PayPal Cards. For example, you can use PayPal Mastercard very easily with a Venmo account.
Venmo is a mobile money app, and it does not require linking with any bank account. To send money, you just add Venmo with a debit or credit card.
The highest limit of a prepaid card depends on the issuer. For example, the Regions Now Car has a maximum limit of $7,500. On the other hand, the BlueBird card has a maximum limit of $100,000.
Having a bank account is not essential to transfer money from PayPal to Venmo. But, in this case, you must have a credit or debit card linked with the PayPal account.
Amanda Smith is a professional personal finance and sustainability writer who enjoys writing about everything from Banking to unique Financing options like all kind of banking and Personal finance. You can find his work on sites like Transfer Money, Debit card, Credit Card.